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Challenges of intergenerational succession in the Chinese-Australian family business

Ye, Jing, Parris, Melissa and Waddell, Dianne 2010, Challenges of intergenerational succession in the Chinese-Australian family business, in IFERA @ China 2010 : Opportunities and Challenges of Family Business Proceedings, Inderscience Publishers, [London, England], pp. 234-252.

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Title Challenges of intergenerational succession in the Chinese-Australian family business
Author(s) Ye, Jing
Parris, Melissa
Waddell, Dianne
Conference name IFERA @ China Family Business Forum (2010 : Beijing, China)
Conference location Beijing, China
Conference dates 13-15 Jan. 2010
Title of proceedings IFERA @ China 2010 : Opportunities and Challenges of Family Business Proceedings
Publication date 2010
Start page 234
End page 252
Publisher Inderscience Publishers
Place of publication [London, England]
Keyword(s) inter-generational succession
ethnic businesses
Chinese Australians
management succession
Summary Chinese immigrants have long been a feature of Australia's population mix and play a critical role in the country's economic activities, with particular contribution by Chinese family-owned businesses. Although these family-owned businesses can generate and significantly improve the financial wealth which stems from the family's original fortune, most Chinese family businesses are relatively short-lived, rarely extending beyond one generation. The high mortality rate in family businesses points primarily to the challenges of management succession. There is recognition that inter-generational succession is essential for both the profitability of Chinese family businesses and the welfare of the family as a whole. However, the intentions of inter-generational pursuit of continuity can be subject to the different goals and interests of key participants, as well as the surrounding context in which the business develops. This paper presents issues pertaining to the inter-generational diversity that might challenge the business continuity of Chinese family businesses, through the identification of how individuals perceive, relate to and initiate the succession process.
Notes Proceedings published in : International Journal of Management Practice 2010 - Vol. 4, No.3 pp. 234 - 252
ISSN 1477-9064
Language eng
Field of Research 150314 Small Business Management
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category E2 Full written paper - non-refereed / Abstract reviewed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30032255

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